Daily Market Intelligence 3-1-18
Daily Market Intelligence 3-30-17
Stocks… Spu’s…we’re getting pattern follow through from last Friday’s ORH’s. Nasd 100…mvg avg resistance starts today @ 4355. COP…52.50-80 is first resistance. Above, look for a move to 55+. DIG…35.36 is weekly momentum. Bonds … 30 yr. Bonds…157.29 is today’s … Continue reading
Stocks… Nasd 100…4591 is resistance. Spu’s…2095 is the 50 DMA. This is now support. The long term P&F shows resistance back @ 2119-20, however you need to see all new strength over 2104 to get going. DIG…the energy ETF’s trade … Continue reading
DIG, XLE & CVX look good in the Oil patch. Buy any weakness the rest of the day. UNH & GILD are always favorites in healthcare. Both have positive formations I bought some QCOM with a tight stop using a … Continue reading
DAX & Euro Stoxx have the most abysmal chart patterns with ORL’s. SAP…needs to hold 74.15 on a closing basis to help out Europe. As of now it’s showing a 6 day Island top. A 75.47 print is needed over … Continue reading
WFT, SLB, & COP are my favorites today. AUD/JPY should try and print close to it’s 200 DMA with energy & metals strength. DIG…is going to try and trade to 62.40 ish. I’m not backing off my view that Oil … Continue reading
OIL… the macro buy stops are over 58.63 USO…breaks out on a close over 20.25. XLE & DIG both look to rally to test their 200DMA’s. CVX…as long as 109 holds I’m looking for 115. XOM…is attempting a Cloud breakout … Continue reading
FCX…as long as this is above 20.50 I’m looking for a test of 23.50. NOV…love this name. It’s held support. CVX…has one of the better formations of the majors. 113-115 is the next targeted resistance level. EOG…break out over 99.30 … Continue reading
ZTS…is breaking out to the upside as long as this holds 47.40, look for a run to 49.00. Crude…I wouldn’t chase the rally into today’s highs which is mvg average resistance. DIG & XLE show the same pattern as OIL. … Continue reading